USA/Canada News
Legal Decoder, Inc. announced today that it will demonstrate its legal billing analytics tools, featuring its flagship Legal Spend Authentication™ technology, at the Association of Corporate Counsel’s Annual Meeting 2014, which will be held October 28-31 in New Orleans.
Experts from Legal Decoder will be available to demonstrate how its technology and data offerings can make outside counsel spend more predictable and intelligible, all while saving companies precious time and resources.
Legal Decoder’s proprietary Legal Spend Authentication technology has built-in domain expertise, which bridges an information asymmetry gap that exists between clients and law firms by delivering clients actionable information. “I’ve witnessed firsthand that a disparity of information exists between in-house and outside counsel,” said Joseph Tiano, CEO of Legal Decoder and a former partner at Am Law 50 law firms. “In-house counsel don’t have sufficient time, actionable data or intelligent analytics tools to optimally manage outside counsel and accurately predict and control legal spend.”
LSA technology goes a step beyond simply enforcing a client’s billing guidelines by automatically measuring each invoice line item against supplemental rules and industry standards that have been built on vast amounts of analyzed legal spend information. Inefficiencies and problematic charges are detected and transformed into clear, immediately actionable information. Not simply a software solution, Legal Decoder also boasts subject matter experts who are available to help users fully understand and take advantage of the information presented.
Legal Decoder clients optimize value by leveraging actionable information to:
“Through its educational programs, articles in The Docket, and specialized initiatives such as the “Value Challenge,” the Association of Corporate Counsel has for many years been in-house counsel’s advocate for gaining maximum value from their outside law firms,” added Tiano. “We are especially excited to display our new and innovative offerings at its annual meeting.” The ACC’s 2014 Annual Meeting will take place October 28-31 at the Hilton New Orleans Riverside.
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